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The answer to The probability
A young engineer has invented holographic mobile phones and has approached a venture capital company to invest in it. The venture capital company considers the product to be an all or nothing product: either everyone will want one because everyone else has one or no one will want one because there will be no one to use it with. The company believes that the probability that it will take off netting them a profit of $2000000 is 0.14. If it doesn't take off then they expect that they would loose $200000. They are considering using a consumer survey to gather more information. However, the company has experience that shows that the probability that the consumer survey will predict success for a product that will fail is 0.24, and the probability that the consumer survey will predict failure when the product will be a success is 0.07. What is the monetary value of the information from a consumer survey to the venture capital company in this case? (ie what is the maximum that they should spend on a consumer survey)?
How much money should an environmental soil cleaning company borrow to finance a site reclamation project if it expects revenue of $140,000 in the first year increasing by 3% per year over the 5-year cleanup period? The interest rate is 8%.
Lift Charts in direct marketing, The mass-mailing business is often used to illustrate the use of lift charts. Another real world application where the lift charts can be used
Toxic and Hazardous waste: how are they treated, safety measures, regulations in USA about hazardous waste.
Determine how many years from now the consumption will reach its design capacity with current usage rates if the community has a declining growth rate.
A 4 X 8-ft solar collector has water circulating through it at the rate of 1.0 gallon per minute while exposed to sunlight with intensity 300 Btu/ft^2-hr.
An overpass is being built over the PVI of an existing equal tangent sag curve. The sag curve has a 70 mi/h design speed, and G1 = -6%, G2 = +3%.
Energy transfer in mechanical systems, A wheel is 800mm in diamiter and has a mass of 1000kg. on a horizontal surface without skidding, the vehicle accelerates uniformly at 0.5m/s^2 for 5 seconds.
Set up a table showing curve elevations at the PVC, at the PVT, and at the half-station points along the curve. Compute the station and elevation of the curve turning point.
Draw the FBD and the shear and bending moment diagrams. Label all minimums, maximums and zero crossing points as well as the slopes as constant, linear or parabolic.
Traction and Total Resistance, Would you please help me with the following question: A 90 tonne rear dump truck travels on an 8% grade loose gravel road.
Devise a appropriate management system that you as a commercial manager for the contractor would recommend to the project team for use on a construction or building contract.
In year one, a pharmaceutical mixing tank had a market price of $120,000. It replaced an older smaller mixing tank that had a BV of $15,000.
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